Transcripts
Erik:
Joining me now is Bianco Research founder Jim Bianco. Jim is known for his graphs and charts, there is a chart deck to accompany this week's interview, we won't be going over the slides page by page. But you're going to want to download this chart deck because there are charts and graphs that will supplement a number of different conversation topics that we're going to touch on today. Registered users will find the download link in your research roundup email. If you're not yet registered, just go to our homepage at macro voices.com. Look for the red button above Jim's picture that says looking for the downloads.
Jim, it's great to get you back on the program. You know, I had Russell Napier on the show last week and something I'm noticing Russell was one of the devout deflationists for the last several years. And I'm seeing really smart people who were convinced it was deflation coming around to an inflationary view. I'm very curious what your reaction is and what your outlook is in terms of inflation versus deflation, particularly in light of the change of the presidential administration and all of the stimulus that's being contemplated?
Erik:
Joining me now is Russell Napier, investment strategist and author of the book "Anatomy of the Bear". Russell, it's great to get you back on the program. This is kind of a historic week in my mind because it was exactly one year ago this week that we dropped everything and rescheduled our production schedule in order to bring our listeners an interview with Dr. Chris Martenson, predicting that a global pandemic was imminent, which at first we were ridiculed and harassed for.
But needless to say, a year later, the world is a completely different place. In many respects. Unfortunately, the pandemic is actually getting worse in terms of deaths and case counts and so forth, despite the fact that the light at the end of the tunnel is there with the vaccines on the horizon. But Russell, we're in the middle of 100 year, bad thing. And stocks have rallied to new all time highs considerably above where they were, at their previous all time highs before the pandemic started. How is that even possible?
Erik:
Joining me now is Logica Funds partner and chief strategist Mike Green. Mike, it's great to have you back on the program, I want to talk about the digital currency revolution that I predicted in my book two years ago. And actually, I'd like to expand that because I don't think it's just a digital currency revolution. I think we eventually get to where currencies are digital, and also where we have a fully tokenized financial system, meaning that stock markets, commodity markets, real estate markets, registries of deeds, everything, eventually, I think is tokenized. And that's not next week or next month, that's over the next 25 years. I predict that's what happens.
Do you agree with that general view? And with respect to digital currencies, is it just one great big global digital currency? Or is it lots of different digital currencies that make up the future economy?
Erik: Joining me now is Forest for the Trees founder, Luke Gromen.
Luke, it’s great to get you back on the show. You’ve been on my mind lately, because I have been saying for I don’t know how many years it’s been now, I’m absolutely certain Luke Gromen will be proven right in the end. But I kind of thought in the beginning you were a little bit early. Maybe I guess you were, as history has proven out.
Are we at the point where we have the so-called Luke Gromen moment where the US dollar really does start a decline that’s a one-way direction beginning to lose reserve currency status, it’s the beginning of the end kind of moment?
And, if so, I think a lot of people, including myself initially, had maybe misunderstood you on that: Some people thought you were predicting a dollar crash. And I really don’t think you are. I think you’re predicting more of a slow process.
So how do you see this playing out? And where are we in the story at this point?
Erik: Joining me now is petroleum geologist Art Berman. For anyone who doesn’t know, Art is famous for his graphs and charts, so you’re going to want to be sure to download the chart deck that accompanies today’s interview. You’ll find the download link in your Research Roundup email. If you don’t have a Research Roundup email, that means you’re not yet registered at macrovoices.com. Just go to our home page, look for the red button above Art’s picture that says Looking for the Downloads?
Art, our regular listeners know that I’m dying to ask you about the production decline that you have been predicting.
But before we even get to that, I want to start with this week’s OPEC+ meeting when Saudi Arabia surprised a lot of people by essentially resolving a deadlock where they couldn’t agree on what to do about production cuts and Saudi Arabia kind of volunteered to go it alone and unilaterally cut on their side in order to allow other OPEC+ countries not to have to cut.
What’s going on there? What do you make of this? What brought that about? And what do you make of this meeting in general?
MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Patrick Ceresna shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.
